Ternium S.A. (NYSE:TX) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lowered its position in Ternium S.A. (NYSE:TX) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,875 shares of the basic materials company’s stock after selling 1,500 shares during the period. IHT Wealth Management LLC’s holdings in Ternium were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TX. GAMMA Investing LLC grew its holdings in Ternium by 72.1% during the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after buying an additional 385 shares during the last quarter. Blue Trust Inc. grew its holdings in Ternium by 3,152.3% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock valued at $60,000 after buying an additional 1,387 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Ternium by 5.0% during the second quarter. Inspire Investing LLC now owns 38,136 shares of the basic materials company’s stock valued at $1,432,000 after acquiring an additional 1,816 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Ternium by 28.9% during the second quarter. QRG Capital Management Inc. now owns 9,110 shares of the basic materials company’s stock valued at $342,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Ternium by 4.3% during the second quarter. Principal Financial Group Inc. now owns 59,229 shares of the basic materials company’s stock valued at $2,224,000 after acquiring an additional 2,437 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Price Performance

TX stock opened at $32.00 on Wednesday. The stock’s fifty day simple moving average is $34.47 and its 200-day simple moving average is $35.56. The company has a quick ratio of 1.67, a current ratio of 2.92 and a debt-to-equity ratio of 0.11. Ternium S.A. has a 52-week low of $30.68 and a 52-week high of $44.44. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 80.00, a price-to-earnings-growth ratio of 0.48 and a beta of 1.74.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.45 billion. Ternium had a net margin of 0.42% and a return on equity of 4.70%. Ternium’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the business earned $1.38 EPS. Equities research analysts expect that Ternium S.A. will post 3.7 EPS for the current year.

Ternium Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were issued a $0.09 dividend. This represents a yield of 8.5%. The ex-dividend date was Monday, November 18th. Ternium’s dividend payout ratio is presently 450.00%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Ternium Company Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.